Copart chairman buys 600,000+ shares

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Copart chairman buys 600,000+ shares

Brent Archer 10/08/2013

Recent Copart ( CPRT ) filings indicate Chairman of the Board Willis J Johnson has purchased 633,000 shares of CPRT in the past month, valued at nearly $19.9M. This is the only CPRT insider action since July and more than six times the total amount of insider selling of CPRT from the past six months.

IK-> The technicals for CPRT ($32.28 down 0.24) are neutral with a sideways trend. The stock has had recent support near $30.35. Look at the November 25/30 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 7.1% to cause a problem. [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: CPRT

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